Primaries in Florida today! Think!! Vote!! It is important!!
Wade Sours
Wade Sours Real Estate Investment Advisor
Tuesday, August 24, 2010
Friday, July 30, 2010
Worcester Massachusetts Has A Direct Flight to Punta Gorda Florida
Well it is a small world and getting smaller everyday! My friend Bill Randell has a website and blog. The website is on the Worcester Regional Airport. Bill runs the site and will keep you up on all the new changes. As I understand it the airport has been taken over by the people who run Logan. They have great plans and the future never looked brighter for this airport. Direct Air flies between Punta Gorda and Worcester. Bill has all fights, links, and other pertinent information Worcester Regional Airport The blog Worcester Blog a great source of current information on Worcester Worcester Massachuttes. He will keep you informed on the latest news and economic climate in the region. If you need information on this area contact him on his site. He is the man!
Tuesday, July 27, 2010
Punta Gorda Still The Best Retirement Spot In The Country!! Taxes play a big part!!
Charlotte County is very popular with retirees, not just because of its year-round weather but because of the lack of a state income tax. Thanks to Florida's Legislature for getting rid of Florida's pesky intangibles tax on certain types of investment income in 2007. Sales taxes are not paid on food and prescription and nonprescription drugs. Real estate is taxed at 100% of assessed value. Permanent residents are entitled to a homestead exemption regardless of age.
STATE SALES TAX
State Sales tax is 6% (food and prescription and non-prescription drugs exempt). There is an additional county sales tax of 1% that makes the combined rate 7%.
EXEMPTIONS FOR RETIREMENT INCOME
NONE!! Individuals, married couples, personal representatives of estates and businesses are no longer required to file an annual intangible personal property tax return reporting their stocks, bonds, mutual funds, money market funds, shares of business trusts and unsecured notes. That can amount to a lot. Wow you get to keep what you have earned!!!
PROPERTY TAXES
Property is taxable at 100% of its just valuation. Permanent residents may also be entitled to a homestead exemption regardless of age. The senior citizen's homestead exemption applies only to tax millage levied by the county or city, and does not apply to millage of school districts or other taxing authorities. The homestead exemption for all residents applies to all property taxes, not just city and county taxes. Annual increases in the assessment of homestead property are limited to 3% of the prior year’s assessed value, or if lower, the percentage changes in the Consumer Price Index for the prior, as long as there was no change in ownership. A 2006 law provides a property tax discount on homestead property owned by eligible veterans. To be eligible, a veteran must have an honorable discharge from military service, be at least 65 years old, be partially disabled with a permanent service-connected disability, all or a portion of which must be combat-related, and must have been a Florida resident at the time of entering military service. This discount is in addition to any other exemptions veterans now receive. 100% Disabled veterans can receive a total exemption
Property Tax Exemptions List available in Charlotte County Property Appraiser
http://www.ccappraiser.com/exemption.asp#What
INHERITANCE AND ESTATE TAXES
There is no inheritance tax and only a limited estate tax.
To sum up Florida’s Tax Structure;
NO STATE INCOME TAX
NO TAX ON RETIREMENT INCOME (intangible personal property tax return reporting their stocks, bonds, mutual funds, money market funds, shares of business trusts and unsecured notes. That can amount to a lot. Wow you get to keep what you have earned!!!)
REASONABLE SALES TAX (food and prescription and non-prescription drugs
Exempt)
Property Tax (loaded with exemptions)
NO INHERITANCE AND ESTATE TAXES
If you live in California, New York, New Jersey or Massachusetts the difference is clear.
STATE SALES TAX
State Sales tax is 6% (food and prescription and non-prescription drugs exempt). There is an additional county sales tax of 1% that makes the combined rate 7%.
EXEMPTIONS FOR RETIREMENT INCOME
NONE!! Individuals, married couples, personal representatives of estates and businesses are no longer required to file an annual intangible personal property tax return reporting their stocks, bonds, mutual funds, money market funds, shares of business trusts and unsecured notes. That can amount to a lot. Wow you get to keep what you have earned!!!
PROPERTY TAXES
Property is taxable at 100% of its just valuation. Permanent residents may also be entitled to a homestead exemption regardless of age. The senior citizen's homestead exemption applies only to tax millage levied by the county or city, and does not apply to millage of school districts or other taxing authorities. The homestead exemption for all residents applies to all property taxes, not just city and county taxes. Annual increases in the assessment of homestead property are limited to 3% of the prior year’s assessed value, or if lower, the percentage changes in the Consumer Price Index for the prior, as long as there was no change in ownership. A 2006 law provides a property tax discount on homestead property owned by eligible veterans. To be eligible, a veteran must have an honorable discharge from military service, be at least 65 years old, be partially disabled with a permanent service-connected disability, all or a portion of which must be combat-related, and must have been a Florida resident at the time of entering military service. This discount is in addition to any other exemptions veterans now receive. 100% Disabled veterans can receive a total exemption
Property Tax Exemptions List available in Charlotte County Property Appraiser
http://www.ccappraiser.com/exemption.asp#What
INHERITANCE AND ESTATE TAXES
There is no inheritance tax and only a limited estate tax.
To sum up Florida’s Tax Structure;
NO STATE INCOME TAX
NO TAX ON RETIREMENT INCOME (intangible personal property tax return reporting their stocks, bonds, mutual funds, money market funds, shares of business trusts and unsecured notes. That can amount to a lot. Wow you get to keep what you have earned!!!)
REASONABLE SALES TAX (food and prescription and non-prescription drugs
Exempt)
Property Tax (loaded with exemptions)
NO INHERITANCE AND ESTATE TAXES
If you live in California, New York, New Jersey or Massachusetts the difference is clear.
Friday, July 9, 2010
Punta Gorda - Port Charlotte the best place to live again and again.
Punta Gorda and Charlotte County Florida are rated one of the best places to live in the United States consistently by the experts. Money Magazine, CNN Money.com, Golf Digest, Sail Magazine, Florida Trend, Forbes Magazine, Men’s Journal, and topretirements.com and the list keeps going on and on…
Located on the Gulf Coast of Southwest Florida, Punta Gorda and Port Charlotte sit across the Charlotte Harbor. Charlotte Harbor is the second largest bay on the west coast of Florida. Tampa bay is the largest .The waterways, canals that lead to Charlotte harbor which has 270 square miles of pristine protected waters and 219 miles of protected shoreline as reported by MoneyCNN.com 2009. This harbor offers the finest of boating and water sports. You don’t even have to go out in the Gulf of Mexico Sail Magazine named the harbor one of the “Top ten greatest places to sail” in the United states. Charlotte Harbor is a large estuary being fed from two rivers the Myakka to the northwest and the Peace River to the east. Charlotte Harbor and Gasparilla Sound make up some 80,000 acres of barrier islands and mangrove forests. This is a fishing haven second to none. Boca Grande sets at the mouth of the Harbors entrance to the Gulf. It is world renowned for its Tarpon Fishing. The gulf beaches also offer great swimming and diving.
Punta Gorda #1 Place to retire in United States beating out Palm Springs California
http://money.cnn.com/magazines/moneymag/bpretire/2009/
Homes here cost less than half of what they did in 2005
The Punta Gorda – Port Charlotte area has so much more to offer than just the water and beautiful scenery. It has great medical facilities. The Cultural Center has a 500 seat theater along with cafeteria, thrift shop, work out center, library, and year round classes on all kinds of hobbies. A multitude of restaurants, malls, parks, beaches, airport, hotels, motels, marinas, and of course let’s not forget Golf Courses.
Golf Digest in 2005 rated Punta Gorda #3
http://www.golfdigest.com/images/rankings/gd200508metrogolfrankings.pdf
Now as for taxes we have homestead exemptions for owners, property tax breaks for widows, and disabled veterans. The current sales tax is 7%. Florida has no tax on income. It seems like a no brainer when compared to California and New York.
Combine all the facts above along with the sunshine, great weather, and the people, and then you will see why I call this place home. Have a great day and smile
Located on the Gulf Coast of Southwest Florida, Punta Gorda and Port Charlotte sit across the Charlotte Harbor. Charlotte Harbor is the second largest bay on the west coast of Florida. Tampa bay is the largest .The waterways, canals that lead to Charlotte harbor which has 270 square miles of pristine protected waters and 219 miles of protected shoreline as reported by MoneyCNN.com 2009. This harbor offers the finest of boating and water sports. You don’t even have to go out in the Gulf of Mexico Sail Magazine named the harbor one of the “Top ten greatest places to sail” in the United states. Charlotte Harbor is a large estuary being fed from two rivers the Myakka to the northwest and the Peace River to the east. Charlotte Harbor and Gasparilla Sound make up some 80,000 acres of barrier islands and mangrove forests. This is a fishing haven second to none. Boca Grande sets at the mouth of the Harbors entrance to the Gulf. It is world renowned for its Tarpon Fishing. The gulf beaches also offer great swimming and diving.
Punta Gorda #1 Place to retire in United States beating out Palm Springs California
http://money.cnn.com/magazines/moneymag/bpretire/2009/
Homes here cost less than half of what they did in 2005
The Punta Gorda – Port Charlotte area has so much more to offer than just the water and beautiful scenery. It has great medical facilities. The Cultural Center has a 500 seat theater along with cafeteria, thrift shop, work out center, library, and year round classes on all kinds of hobbies. A multitude of restaurants, malls, parks, beaches, airport, hotels, motels, marinas, and of course let’s not forget Golf Courses.
Golf Digest in 2005 rated Punta Gorda #3
http://www.golfdigest.com/images/rankings/gd200508metrogolfrankings.pdf
Now as for taxes we have homestead exemptions for owners, property tax breaks for widows, and disabled veterans. The current sales tax is 7%. Florida has no tax on income. It seems like a no brainer when compared to California and New York.
Combine all the facts above along with the sunshine, great weather, and the people, and then you will see why I call this place home. Have a great day and smile
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